House sets stage for conference on FAA bill

The Senate bill raises money from raising the general aviation jet fuel tax rate to 36 cents a gallon, up from 22 cents, expected to raise about $113 million through 2014. Private business jet charters would also see taxes increase from 4.4 cents a galloon to 36 cents. They also would pay a 14-cent surtax on fuel, expected to raise $107 million through 2014. 

In addition, planes weighing 6,000 pounds, which were previously exempt from the taxes, would have to pay into the Airport and Airway Trust Fund, raising about $56 million over 10 years, making only sightseeing planes exempt from the tax.